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Tivo picture brightens as it embraces the internet

March 10th, 2007 · No Comments

PVR innovator TiVo has issued better than expected financial results for the last quarter. The company’s net loss is down to 18.7 million dollars, compared to over 20 million dollars year-on-year. Service and Technology revenues increased 22 per cent to 57.4 million dollars.
More growth is expected as the company tranitions its platform to internet content delivery. Through a deal with the Amazon Unbox service in the States, US TiVo owners can now download net TV direct to their PVR’s hard drive.  On March 6 the company also announced a distribution deal with broadband internet provided Earthlink.

Tags: High definition TV · Home cinema · Trade

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